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Need some gameplan advice for paying down my debt

Frequent Contributor

Re: Need some gameplan advice for paying down my debt

That's a great start! That other PSECU account will take some doing, especially with interest accruing, but $800 would make a nice big dent in it!
Message 81 of 91
Regular Contributor

Re: Need some gameplan advice for paying down my debt

Great job, LS! Keep up the good work and do not deviate from the plan! Smiley Happy

-------------------------------------------------------------------------------------------------
Starting Score - 575 (4/10)
Current Score - EQ - 750, TU - 752, EX - 728 11/4/12

Current Cards:
AMEX SPG ($7.5k), Amazon.com Visa ($3k), Discover More ($2k) all since 11/4/12

Fighting the good fight!
Message 82 of 91
Moderator Emerita

Re: Need some gameplan advice for paying down my debt

Message 83 of 91
Mega Contributor

Re: Need some gameplan advice for paying down my debt (Update)


LS2982 wrote:

 

April Update:

 Beginning of Debt:

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 



April Status

PSECU 5,330 / 12,000CL APR 9.9%

 

PSECU LOC 1,430 / 12,000CL APR 10%

(I had PIF the original balance, I had my CU call me about my refi not being able to go through without getting rid of an old lien on my truck from a 2 yr ol loan I was still paying on with 24% APR (CRAZY) I dont know why i didnt do this before but I utilized my LOC to PIF that loan to finish my refi. 10% is better than 24%)

 

Barclays 3,249 / 7,200CL APR 0% (15 months from 9/12)

 

Chase 1,100 / 2,300CL APR 0% (15 months from 7/12)

(This is my everyday card i use until the 0% is over than it will be PIF)

 

Best Buy 2,770 / 4,000CL APR 0% (deferred 18 mo since 12/12)

 

GE CareCredit 1,037 / 2,100CL APR 0% (deferred 12 months since 11/12)

 

Kay Jewelers 1,063 / 2,000CL APR 0% (deferred 12 months from 12/12)

 

GE Amazon $648 / 6,000CL APR 0% (deferred until 6/13)

 

 

I feel like i'm making good progress, its not going to go away overnight. I have it planned by January ill have 85-90% of this gone. I really appreciate everyone taking to time to read because it gives me motivation to stay on it and it prides me to update this thread every month.

 

Thank you all!




EQ FICO 548 3/3/16
Message 84 of 91
Super Contributor

Re: Need some gameplan advice for paying down my debt (Update)

Hats off your making great strides BRAVO

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 85 of 91
Moderator Emeritus

Re: Need some gameplan advice for paying down my debt

Dang you're doing great... keep at it!

Smart move on the LOC

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Message 86 of 91
Mega Contributor

Re: Need some gameplan advice for paying down my debt


webhopper wrote:
Dang you're doing great... keep at it!

Smart move on the LOC

Yea that loan company did me real dirty at the beginning of my rebuild. Very thankful I could axe them.

 

They need to hurry up and update my report on that loan!!




EQ FICO 548 3/3/16
Message 87 of 91
Senior Contributor

Re: Need some gameplan advice for paying down my debt


LS2982 wrote:

March Update

 

Starting Balances

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 

Current

PSECU 5,900 / 12,000CL APR 9.9%

PSECU LOC $0 / 12,000CL APR 10%

Barclays 3,493 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 2,978 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 

So I only have 1 interest accuing acount to tackle, the others are set on approximate monthly payments. After this month I have it figured I can throw $700-800 at the PSECU account which will take me to the end of the year but it will be PIF (Cant wait)!!!!!!

 

I'm excited to get these balances down and watch my credit and score age and grow!!!


Having that PSECU account off your back will be a good end of the year/holiday present to yourslef.  Nice work!  Keep it going.

Message 88 of 91
Moderator Emeritus

Re: Need some gameplan advice for paying down my debt

Haha I know the feeling.

I BTed 5k worth of student loan debt onto my navy card to take advantage of 0% promotion. It sucks seeing the credit card balance but its cool to see my student loan balance sitting at 14k I will work hard through the year to pay off my navy balance and hopefully pay off the student loan balance next year with my annual bonus.

Next year will be better.
we have effectively cut out spending on non essentials by half. We still do the occassional restaurant meal... but there's only been 4 of those in the last 3 months and one was for my husbands birthday and to celebrate my raise and annual bonus payout

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Message 89 of 91
Established Contributor

Re: Need some gameplan advice for paying down my debt (Update)


LS2982 wrote:

LS2982 wrote:

 

April Update:

 Beginning of Debt:

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 



April Status

PSECU 5,330 / 12,000CL APR 9.9%

 

PSECU LOC 1,430 / 12,000CL APR 10%

(I had PIF the original balance, I had my CU call me about my refi not being able to go through without getting rid of an old lien on my truck from a 2 yr ol loan I was still paying on with 24% APR (CRAZY) I dont know why i didnt do this before but I utilized my LOC to PIF that loan to finish my refi. 10% is better than 24%)

 

Barclays 3,249 / 7,200CL APR 0% (15 months from 9/12)

 

Chase 1,100 / 2,300CL APR 0% (15 months from 7/12)

(This is my everyday card i use until the 0% is over than it will be PIF)

 

Best Buy 2,770 / 4,000CL APR 0% (deferred 18 mo since 12/12)

 

GE CareCredit 1,037 / 2,100CL APR 0% (deferred 12 months since 11/12)

 

Kay Jewelers 1,063 / 2,000CL APR 0% (deferred 12 months from 12/12)

 

GE Amazon $648 / 6,000CL APR 0% (deferred until 6/13)

 

 

I feel like i'm making good progress, its not going to go away overnight. I have it planned by January ill have 85-90% of this gone. I really appreciate everyone taking to time to read because it gives me motivation to stay on it and it prides me to update this thread every month.

 

Thank you all!


Congrats ! Very proud of you.....keep up the greatness !

 

SisterGirl

SisterGirl
Message 90 of 91